James Ratcliffe
Vice President of Investor Relations
Replay available
Telesat Corporation (TSX: TSAT) Q4 2025 earnings conference call, held 2026-03-17. Replay captured from the company's public earnings webcast.

Vice President of Investor Relations
President and Chief Executive Officer
Analyst, ATB Cormark
Analyst, Kilti Space
Analyst, Deutsche Bank
Analyst, LightShed Ventures
Ladies and gentlemen, thank you for standing by. My name is Desiree and I will be your conference operator today. At this time, I would like to welcome everyone to the Telesat fourth quarter 2025 financial results. All lines having place on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question again, press the star one. I would now like to turn the conference over to James Ratcliffe, Vice President of Investor Relations. You may begin. James Ratcliffe Thank you, Desiree, and good morning, everyone. This morning, we filed our annual report for the period ending December 31st, 2025 on Form 20F with the SEC and on CDAR+. Our remarks today may contain forward-looking statements. There are risks that tell us that actual results may differ materially from the results contemplated by the forward-looking statements as a result of known and unknown risks and uncertainties. For a discussion of known risks, please see TELUSAT's annual report and updates filed with the SEC. TELUSAT assumes no responsibility to update or revise these forward-looking statements. I will now turn the call over to Dan Goldberg, TELUSAT's President and Chief Executive Officer. Dan Goldberg Okay. Thanks, James, and thank you all for joining us this morning. I'll say a few words about the business and our focus for this year, and then I'll hand over to Donald to speak to the numbers in more detail, and we'll then open the call up to questions. I'm pleased with the results we achieved last year and the steps we've taken to position Telesat for significant growth and to capture the ...